Weighted Average vs. FIFO vs. LIFO Example Consider this example: Suppose you own a furniture store, and you purchase 200 chairs for $10 per unit. The next month, you buy another 300 chairs for ...

Reviewed by Charles Potters Fact checked by Amanda Bellucco-Chatham Weighted Average vs. FIFO vs. LIFO: An Overview When it comes time for businesses to account for their inventory, businesses may ...